Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech
In modern conditions, the Russian financial technology sector is experiencing an urgent need to eliminate dependence on foreign technologies both in the field of software and in the field of design solutions and hardware. Russian developers have already started activities in this direction, but ther...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2025-06-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/6134 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1839646634662690816 |
|---|---|
| author | Yu. P. Kishkovich |
| author_facet | Yu. P. Kishkovich |
| author_sort | Yu. P. Kishkovich |
| collection | DOAJ |
| description | In modern conditions, the Russian financial technology sector is experiencing an urgent need to eliminate dependence on foreign technologies both in the field of software and in the field of design solutions and hardware. Russian developers have already started activities in this direction, but there are still a large number of unresolved issues that hamper the FinTech sector development. The purpose of the study is to analyze the issues and prospects for domestic information technologies implementation in FinTech. Research methods are analysis and synthesis, scientific abstraction, and processing of an array of Russian authors’ publications in the field of the information technology industry development in the FinTech sector. The material hsd been considered on the basis of large Russian banks cases. The study concludes that the main direction of import substitution in the field of FinTech solutions is the creation of domestic software and reliable and competitive hardware. Those companies that already have positive experience in this area should replicate it, developing and strengthening the domestic information technology industry. In this case, it is necessary to be guided not only by economic effects, but also by social ones. Solving the issue of dependence on foreign software is a matter of competitiveness of the country’s economic system and, consequently, of individual business entities. |
| format | Article |
| id | doaj-art-c2d29f33187b4e24935a01ffcc714fb8 |
| institution | Matheson Library |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-c2d29f33187b4e24935a01ffcc714fb82025-06-30T09:06:33ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152025-06-0104202810.26425/1816-4277-2025-4-20-283378Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTechYu. P. Kishkovich0Financial University Under the Government of the Russian FederationIn modern conditions, the Russian financial technology sector is experiencing an urgent need to eliminate dependence on foreign technologies both in the field of software and in the field of design solutions and hardware. Russian developers have already started activities in this direction, but there are still a large number of unresolved issues that hamper the FinTech sector development. The purpose of the study is to analyze the issues and prospects for domestic information technologies implementation in FinTech. Research methods are analysis and synthesis, scientific abstraction, and processing of an array of Russian authors’ publications in the field of the information technology industry development in the FinTech sector. The material hsd been considered on the basis of large Russian banks cases. The study concludes that the main direction of import substitution in the field of FinTech solutions is the creation of domestic software and reliable and competitive hardware. Those companies that already have positive experience in this area should replicate it, developing and strengthening the domestic information technology industry. In this case, it is necessary to be guided not only by economic effects, but also by social ones. Solving the issue of dependence on foreign software is a matter of competitiveness of the country’s economic system and, consequently, of individual business entities.https://vestnik.guu.ru/jour/article/view/6134import substitutioninformation solutionsartificial intelligenceit industrysoftwarefintechdigitalizationecosystemsfinancial technologies |
| spellingShingle | Yu. P. Kishkovich Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech Вестник университета import substitution information solutions artificial intelligence it industry software fintech digitalization ecosystems financial technologies |
| title | Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech |
| title_full | Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech |
| title_fullStr | Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech |
| title_full_unstemmed | Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech |
| title_short | Widespread implementation of domestic information technologies is the main vector of import substitution in the field of FinTech |
| title_sort | widespread implementation of domestic information technologies is the main vector of import substitution in the field of fintech |
| topic | import substitution information solutions artificial intelligence it industry software fintech digitalization ecosystems financial technologies |
| url | https://vestnik.guu.ru/jour/article/view/6134 |
| work_keys_str_mv | AT yupkishkovich widespreadimplementationofdomesticinformationtechnologiesisthemainvectorofimportsubstitutioninthefieldoffintech |